| China's PMI of manufacturing sector rises to 54.3% in September |
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| Friday,October 09,2009 Posted: 21:48 BJT(48 GMT) |
| From:xinhuanet Article type:Translated |
The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 54.3 percent in September, up 0.3 percentage points from a month earlier, the China Federation of Logistics and Purchasing (CFLP) said on Oct.1. A reading of above 50 suggests expansion, while one below 50 indicates contraction.
The PMI includes a package of indices that measure economic performance. The survey, conducted by the National Bureau of Statistics, covers purchasing and supply managers in more than 700 firms across China.
The purchasing price index dropped 5.1 percentage points, the first slump in ten months. The new order index was 56.8 percent, up 0.5 percentage points from the previous month. The new export index rose to 53.3 percent, up 1.2 percentage points from the previous month. The output index was 58.0 percent this month, slightly up 0.1 percentage points from the previous month.
In terms of products, raw materials and energy enterprises reported a PMI index below 50 percent. Consumption products enterprises reported the highest PMI index, up to 58 percent.
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